Yeah but the Weekly EMA still swings like Jazzzzz

Trading the Cable swings via averages

Markets are different from a half year back. Avg true range (14) on the daily's / weekly's are getting tighter again. Good to experience that, while it is harder, we can make money trading this system.

Trading the Cable swings via averages

Today it's just like what we see often enough. Div's against the trade direction are for a hedge or a scalp and should be played very tight. Possibly they'll show to be a runner but that has to be proven first.

Trading the Cable swings via averages

That's what I was curious for. Still reason for a hedge isn't it.

Trading the Cable swings via averages

that's extremely important indeed and I think this is the temptation for most peeps here.... trading divergences all over the place especially against the trend. We have to be sharp as a knife with our analyses and the sharp as a knife with ...

Trading the Cable swings via averages

Ah that completed ABCD!

Trading the Cable swings via averages

I got the AB=CD but I think you have a bit different RSI readings for the ABCD... very curious what you see there.... maybe you start 31 May

Trading the Cable swings via averages

I always have a screen with the M1 M5 H1 H4 white charts. Makes trading more clear for sure.

Trading the Cable swings via averages

that's a tough consideration during the trading. What's your opinion on my second and third hedge, Alan? Was the primary trade in a convincing move?

Trading the Cable swings via averages

be sure to take the RSI from here and bring it to the window with the first RSI image

Trading the Cable swings via averages

image The hedges taken on M1 and M5... that's the hardest part.... when to hedge and when to reverse.

Trading the Cable swings via averages

That's a divergence between both RSI's. One goes up, the other goes down. It has been called Alan's Div in this thread. That's not yet on Wikipedia.

Trading the Cable swings via averages

Seems you have your fast RSI incorrectly attached. You have to set the parameters to "Apply to: First Indicator's Data" End then I don't see anything diverging on your lines. Maybe start to re-read the thread?

Trading the Cable swings via averages

This was my entry Short. It's on the H1 EMA. image

Trading the Cable swings via averages

M5 bears getting stronger, its EMA continuing making LL

Trading the Cable swings via averages

Have a good weekend all. I'll be back to trading coming Tuesday, have been off for a week.

Trading the Cable swings via averages

"Experience is the knowledge you learn when you no longer need it"

Trading the Cable swings via averages

That was exactly my thought this morning. Again Alan, thanks so much!

Trading the Cable swings via averages

Got a question on my first short setup, I took an exit at the price of the first entry. image But I thought that's a bad place and that was the case this time. My thought was: I exit right at the middle of price action that decided to go ...

Trading the Cable swings via averages